Bullion Firm Özbey Precious Metals Reportedly Kicked Out of Borsa Istanbul

[kreslik.news]

The Turkish exchange Borsa Istanbul has announced it has decided to cancel the trading authorization of Özbey Precious Metals and to end its membership at a board of directors’ meeting held on the 3rd of February 2017, according to media reports from the country.

The reason for the move was not revealed by Borsa Istanbul, only that it was decided in accordance with the relevant regulations. Sources in Turkey speculate that it was due to illegal forex transactions executed by the bullion trading firm.


Hüseyin Gürsöz, CEO of boutique software and solution provider Meta Technologies and expert on the Turkish market, ... (read more)